Hiscox (LON:HSX) Reaches New 12-Month High – What’s Next?

Hiscox Ltd (LON:HSX)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,651 and last traded at GBX 1,651, with a volume of 740984 shares traded. The stock had previously closed at GBX 1,626.

Analysts Set New Price Targets

HSX has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised Hiscox to an “outperform” rating and boosted their target price for the stock from GBX 1,710 to GBX 1,850 in a research report on Monday. JPMorgan Chase & Co. upped their price target on Hiscox from GBX 1,600 to GBX 1,800 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Berenberg Bank upped their price target on Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a research report on Friday, May 8th. The Goldman Sachs Group upped their price target on Hiscox from GBX 1,560 to GBX 1,713 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,148 price target on shares of Hiscox in a research report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hiscox presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,645.17.

Hiscox Price Performance

The business has a 50 day simple moving average of GBX 1,546.80 and a 200 day simple moving average of GBX 1,459.99. The stock has a market cap of £5.27 billion, a PE ratio of 9.37, a P/E/G ratio of -2.30 and a beta of 0.37.

About Hiscox

Hiscox is a global, specialty insurer, listed on the London Stock Exchange and headquartered in Bermuda. We have grown from
our roots as a niche Lloyd’s of London underwriter into a diversified international insurance group operating across direct‑to‑consumer, broker and partner‑distributed retail insurance; large and complex commercial insurance; reinsurance and insurance‑linked strategies.

We currently employ over 3,000 people worldwide across 13 countries and 31 offices. We have a distinctive brand, energised and ambitious teams, a strong balance sheet, and plenty of room to grow in each of our chosen markets and lines of business.